Since centuries ago, gold is one of the precious metals which have high value and often symbolized wealth. In today economic, gold is the most prospective investment other than many investment out there like dollar which is falling over time or stock investments which have high fluctuation. As we can see that from time to time the value of gold is rising and almost never falling to a significant level.
Gold become a potential investment due to several reasons. First, it is precious metal which limited in supply and the market’s demand is just too high. Moreover, gold is not easy to be mined. The second and probably the most important thing is that gold is not severely affected when there is devaluation or inflation. Even when the recession hits almost of the people as well as most country in the world, it is gold which can save them from the economic downturn. The value of gold is more stable than other currency for example Dollar or Pound Sterling. The third, gold has high liquidity. It means that exchanging gold for cash is very easy and quick. In addition to that, the exchange rate will never give disappointment to the holder since the price is relatively high.
Gold investment can be done through various shape of gold. The form of physical gold itself is optional; it can be gold coins or bullions. Gold coin can range from one ounce and fractional sizes while gold bars may vary from one gram to four hundred ounces. Beside the physical gold, many people also invest their gold in form of paper certificate. It is a gold certificate which stating that someone has a particular amount of gold stored at an off site location. Few people also choose to invest gold in the form of jewelry with the intention that the holder can also enjoy the beauty of the gold itself. Yet, only some gold jewelry is made of 24 karat gold. Yet, investing gold in form of jewelry has many shortcomings such as the decreasing value of the jewelry for its time using which can affected the appearance of the gold; also it is quite challenging to quickly find people who want to buy it since it is not purely gold.
For people who are interested in gold investing, it is better to know where to buy the gold. Since there are many gold dealers in the market nowadays, choosing only the trusted gold dealer is an important thing to prevent the gold buyers from gold investment fraud. It is also applicable for those who want to buy gold in the form of jewelry or gold certificate.Read more